DUKE REALTY LEASES 626,100-SQUARE-FOOT WAREHOUSE
HUTCHINS, TEXAS — The Dallas office of Duke Realty Corp. has leased a 626,100-square-foot warehouse/distribution building located in the Dallas suburb of Hutchins. American Standard Brands, a kitchen and bath products manufacturer, will occupy the building and use it as a distribution center for its south and central U.S. regions. Known as Intermodal I, the building features immediate access to the Union Pacific Railroad Intermodal Facility as well as nearby access to interstates 45 and 20.
“Intermodal I's Triple Freeport inventory tax exempt status and location in a foreign trade zone also offers benefits to American Standard, as do the additional incentives that the city of Hutchins was willing to provide American Standard to help facilitate the move,” says Curt Hefner, a senior leasing representative for Duke Realty who represented his company in lease negotiations.
Dave Anderson of CB Richard Ellis represented American Standard in the transaction. The tenant plans to take occupancy in June and will be consolidating its multiple San Antonio locations into the new facility.
– Coleman Wood